Determination of Propensity to Indebtedness
DOI:
https://doi.org/10.47814/ijssrr.v6i12.1809Schlagwörter:
Money Value; Financial Literacy; Materialism; Risk Perception; Propensity to IndebtednessAbstract
The purpose of this study was to determine the determinants that influence the propensity to indebtedness in the millennial generation who live in Jakarta. This study took a sample of 200 respondents from the millennial generation and who live in the city of Jakarta who were collected through a questionnaire using a convenience sampling technique. The data that has been successfully collected is then processed using the PLS-SEM data analysis method. The research design uses a quantitative method with a descriptive approach. This study uses a structural equation model (SEM) with SmartPLS Version 3.3.2 software as a data analysis tool. The results of this study illustrate that there is a negative effect of financial literacy on the propensity to indebtedness. Materialism has a positive effect on the propensity to indebtedness. Meanwhile, risk perception has a negative effect on the propensity to indebtedness and money value has no effect on the propensity to indebtedness.
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